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I. Personal Loan Application Declaration

[PIL Declaration (07/2022)]
By signing and submitting:
  1. I (being the person named as the “applicant” in the application) represent and warrant that all information (including any documents) I have given to Standard Chartered Bank (Hong Kong) Limited (the “Bank”) in connection with this application is correct, complete and not misleading.
  2. I acknowledge that the Bank may decline my application without giving me any reason for doing so.
  3. I acknowledge that: (i) receipt of Client Terms and the applicable documents referred to in Part A of the Bank’s Client Terms (including Personal Loans/Personal Line of Credit/Overdraft Terms, and the product brochure, Important Notes, promotional terms (if applicable) that accompany this form and any other relevant documents forming the banking agreement) and (ii) I have read and understood the Bank’s banking agreement and agreed to be bound by them.
  4. I acknowledge receipt of and confirm that I have read and agree to the Notice to Customers and Other Individuals relating to the Personal Data (Privacy) Ordinance (“Ordinance”) and the Code of Practice on Consumer Credit Data (“Notice”); I further agree that the Notice shall form part of the banking agreement; I agree that all information provided by me in this application form, and any other personal data collected by the Bank about me or that I may provide to the Bank from time to time before, during or after this application, may be used and disclosed for such purposes and to such persons (whether the recipient is located in the Hong Kong Special Administrative Region of the People’s Republic of China (“Hong Kong”) or elsewhere or places that do not offer the same level of data protection as Hong Kong) for the purposes described in, and otherwise in accordance with the Bank’s policies on use and disclosure of personal data as set out in the Notice, which may be subject to change from time to time.
  5. I confirm that: (i) none of my existing credit cards have been cancelled due to payment default or my loans payments outstanding for more than 30 days; (ii) I do not have any payments overdue by more than one month on any loans or credit cards I have with other financial institutions; and (iii) I am not and have never been bankrupt and I have no intention to petition nor I am currently petitioning for bankruptcy.
  6. I represent and warrant that I have complied and will comply with all applicable law (including any foreign exchange restriction) in connection with the Bank’s banking agreement.
  7. Unless otherwise specified below, I confirm that I am not a relative of any of the Bank’s or its subsidiary’s or fellow subsidiary’s directors, employees with lending authority or shareholders holding 10% or more of the Bank’s issued shares (“specified person”), nor is any specified person my guarantor for any other matters. I agree to notify the Bank in writing as soon as reasonably practicable if I subsequently, become aware of any change in status.
  8. I confirm that I am the sole beneficiary of the designated account for credit and repayment as specified in the application form. If my application here is accepted, I request and authorise the Bank to credit the amount of loan approved to such designated account, and on each instalment payment date or from time to time (as the case may be) debit the minimum instalment repayment amount and/or any applicable costs, fees, charges from such designated account without any prior notice to me.
  9. The Bank will serve a written notice to me at my correspondence address set out in the application form if the Bank accept my application.
  10. I understand and agree that for the purpose of reviewing my existing credit facilities, the Bank may access my data held with a credit reference agency in accordance with the provisions of the Code of Practice on Consumer Credit Data. I understand and agree that this application will be cancelled if the required documents are not provided within 30 days. I further confirm and agree that the Bank may give any information in connection with this application (including my personal information) to the parties (whether situated in or outside of the Hong Kong Special Administrative Region of the People’s Republic of China) and for the purposes as set out in the Notice.
  11. You understand that sales staff of the Bank receives remuneration with reference to the performance of the relevant staff for promoting various banking and related services that provided by the Bank. The remuneration structure is subject to review by the Bank from time to time and includes salaries, incentives, bonuses, etc.
  12. The Bank will review all information you have provided when assessing your application. Final approval is subject to the Bank’s discretion.
  13. (Applicable to employees of the Bank only) I hereby authorize Standard Chartered Bank (Hong Kong) Limited (the “Bank”) to retrieve my employment information in the Bank (including my salary information) for the purpose of credit assessment and processing my application(s).
  14. You understand and agree that any application data submitted by you in relation to the personal loan application will be deleted after 180 days from the date of submission, if your application is cancelled by you or declined by us.
If there is any inconsistency between the English version and the Chinese version of this application form, the English version prevails.


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II. Highlight of the Banking Agreement (including Personal Loan Terms)
[A&P_TC-PL-(07/2018)]
You need to read this document
It sets out specific terms and conditions on which we agree to provide you with the products and services you applied here. You must read it in conjunction with our Client Terms, and the applicable documents referred to in Part A of Client Terms (including the Personal Loans/ Personal Line of Credit/Overdraft Terms and the product brochure, Important Notes and promotional terms (if applicable)) and any other documents forming our banking agreement. The banking agreement is available to you at any of our branches or our website at www. sc.com/hk. If there is any inconsistency between the approval and any other part of our banking agreement, then the terms in the approval prevails. These terms do not apply to any existing product(s) or service(s) you have with us to the extent that they are subject to separate terms and conditions.

Meaning of words
Other than the defined terms here or under the product brochure or promotional terms (if applicable), you also need to refer to the other documents that form our banking agreement which define key words used below. For instance, please note:-
you means the person named as the “applicant” in the application.
we (without limiting the meaning defined in Client Terms) or Bank means Standard Chartered Bank (Hong Kong) Limited for this application.


Important Notes
  1. To be eligible for this personal instalment loan, your annual income has to be HK$96,000 or above.
  2. We reserve the right to determine the loan amount, limit, minimum monthly repayment, interest rate or any other offer in respect of the loan applied, or to decline your application in its entirety without giving you any reason for doing so. If your application is declined, no contractual relationship arises between us and you in respect of any product or service requested in your application.
  3. In case if your application is approved, the pricing (such as interest rate and handling fee) will be offered to you based on the credit record you submit to us upon your application. We reserve the right to modify such pricing offered to you by giving you 30 days advance notice based on our credit assessment from time to time including, but not only limited to, your repayment record, credit bureau grading and our prevailing credit policy.
  4. We may have obtained a credit report on the client and any of its sureties from a credit reference agency in considering any application for credit. In the event the client or any of its sureties wishes to access the credit report, we will advise the contact details of the relevant credit reference agency.
  5. We may set off any amount we owe you against any amount you owe us (whether or not the obligation is matured or contingent).
  6. Without limiting the above, our “Notice to Customers and Other Individuals relating to the Personal Data (Privacy) Ordinance and the Code of Practice on Consumer Credit Data” (“Notice”, which is available to you at any of our branches and/or on our website at www.sc.com/hk) also forms part of the banking agreement. We will be using the information you provide to us and for such purposes as set out in the Notice.
  7. We reserve the right to amend the contents and all the important notes or terms and conditions here at any time. In case of disputes, our decision shall be final.
  8. If there is any inconstancy of conflict between the English and the Chinese versions, the English version shall prevail.

Extract of Personal Loan / Personal Line of Credit/Overdraft Terms

Part A – Personal Instalment Loans

1 Choose the account that is right for you
We can structure your personal instalment loans to suit your personal banking needs. If you need us to explain any of the features of, or the terms applying to, any personal instalment loan products, please contact us.
2 The instalment loan
We must provide the loan
2.1 If we issue an approval, we agree to provide an instalment loan up to the limit. The limit may be different to the limit you applied for.
Purpose
2.2 You must use the instalment loan only for the purpose set out in the application or as otherwise approved by us.
Top up loan
2.3 If you ask, we may agree to provide a top up loan on terms we notify.
2.4 You may only make one request for a top up loan on any one business day.
How we provide the instalment loan
2.5 Usually we provide the instalment loan by depositing it into the repayment account.
If we provide the instalment loan by cheque, the cheque is only valid for the period we specify and instalments are payable even if the cheque is not cashed.
2.6 Fees and charges that are applicable on the instalment loan may be deducted from the instalment loan before depositing it into the repayment account. Please contact us for details of any applicable fees.
3 Interest, fees and charges
Interest
3.1 You must pay interest on the instalment loan monthly in arrears at the rate set out in the approval or otherwise in our banking agreement or any other rate we determine from time to time.
3.2 Interest is payable on the dates set out in the approval, statements or elsewhere in our banking agreement.
3.3 Interest is calculated on a monthly basis.
Fees and charges
3.4 The fees and charges for the instalment loan are set out in the tariff sheet or elsewhere in our banking agreement. Please contact us for further details.
3.5 We may charge a late payment fee for any overdue payment as set out in the tariff sheet or elsewhere in our banking agreement.Please contact us for further details.
4 Repayment
Repayment by instalments
4.1 You must repay the instalment loan in instalments. We notify you the amount of the instalment and each instalment payment date.
4.2 Any balance owing for the account for the instalment loan (after payment of all instalments) must be repaid on the final payment date we notify you.
4.3 The instalments are payable even if you do not withdraw any of the instalment loan funds we deposit in the repayment account.
4.4 If the amount is due on a day which is not a business day, you must pay it on or before the next business day.
4.5 If we vary the interest rate on the instalment loan, we may vary the instalment amount and the number of instalments.
Methods of repayment
4.6 We advise you of the manner in which you must repay the instalments. For example, we may ask you to designate an account for repayment by direct debit and give us documents to facilitate direct debit from that account.
4.7 You must comply with our usual requirements for the relevant payment method, including any set out in this clause.
4.8 We start deducting instalments from your repayment account one month after drawdown of the instalment loan.
4.9 You must ensure that any payment instrument or payment instruction is honoured. For example, you must:
  • ensure that you have sufficient funds in the account to be debited (including the repayment account);
  • not stop cheques;
  • not cancel or vary any payment arrangement (unless we ask you to do so to reflect a change in the instalments) or close or change the account on which cheques are drawn.
Automatic repayment from account with another institution
4.10 If we require you to repay by automatic payment and the repayment account is with another financial institution you must:
  • organise a payment arrangement with the other financial institution under which an amount equal to each instalment amount is debited from the repayment account and paid to us on each instalment payment date and give us satisfactory evidence that this is in place; or
  • provide us with any authority we require to enable us to debit the instalment amounts, from the repayment account.
Payment in full if we ask
4.11 Despite any other term of our banking agreement, at any time we may demand immediate payment of the instalment loan in full, together with all accrued but unpaid interest, fees and charges in connection with the instalment loan.
What happens if you do not pay
4.12 If you do not make an instalment on or before the relevant due date:
  • the instalment loan plus all accrued but unpaid interest plus any other sum due to us is immediately due and payable; and
  • we will charge you a late payment fee as set out in the tariff sheet or elsewhere in our banking agreement.
How we apply payments
4.13 We may use amounts we receive from any of your instalments to pay interest, fee and charges and insurance premium (if any) rather than to reduce the principal amount you owe to us or to pay amounts you owe us in any order we choose. For example, we may allocate a high proportion of any one or more of your instalments to interest rather than to the principal amount you owe us.
5 Prepayment
You may prepay all (but not part) of the instalment loan if:
  • you give us reasonable notice in writing; and
  • when you prepay, you also pay all accrued but unpaid interest, fees and charges in connection with the instalment loan (including any early settlement fees as set out in the tariff sheet or elsewhere in our banking agreement). Details of these fees and charges are available by contacting us.
We may also require you to pay us an amount equal to one month’s interest on the instalment loan.
6 Cancellation
Our Client Terms set out when you and we may end your use of any product and what you need to do if that happens. This includes immediate payment of the balance owing for the account for the instalment loan. This clause sets out additional circumstances in which you or we may cancel the instalment loan.
You may only cancel the instalment loan before the drawdown of an instalment loan and within the period we specify. However, we may charge you a cancellation fee (details of which are available by contacting us).
7 Telephone enquiry
When we receive an enquiry by telephone, we may verify an enquirer’s identity by asking them to provide your Hong Kong Identity Card number (or passport number if you do not have a Hong Kong Identity Card), the loan amount applied for and any other information we see fit. If we genuinely believe the enquirer to be you, you authorise us to disclose the following data to the enquirer:
  • loan approval status (approved, pending or rejected); and
  • if the loan is approved, the exact amount approved, the interest rate, the number of instalments, the final payment date and the drawdown date.

Please tap the hyperlink at bottom of screen to read full terms and conditions of Personal Loan Terms and Client Terms

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III. Important Information - Personal Instalment Loan
[IID-PL004.2 (09/2022)]
Thank you for applying for our Personal Instalment Loan (“your Loan”). Please note the following key terms that are associated with your Loan:
  1. Your loan amount is set out in the approval letter. The minimum loan amount is HK$5,000.
  2. Your Loan is a type of instalment loan. Your first installment is due on the date set out in the Drawdown Advice. After that, you have to pay us each month until the amount we lent to you (plus interest) has been repaid.
  3. If you ask, subject to approval, we may agree to provide a top up loan on terms we notify.
  4. If you request a top up loan, the repayment period of the top up loan will be the same as your existing instalment loan, commencing on the date the top up loan is made. If you request, we may agree to extend the repayment period.
  5. If you are advanced a top up loan, we will adjust the dates and amounts of the new monthly repayments by notice to you.
  6. We will debit your repayment account for the instalment amount on the instalment due date.
  7. The interest rate on your Loan is set out in the approval letter. Interest is calculated on monthly basis. The Annualised Percentage Rate is also set out in the approval letter.
  8. We may vary the interest rate at any time. If we vary the instalment amount due to a change in the interest rate, the variation becomes effective on the second instalment date following the change in interest rate.
  9. We will not charge a handling fee in the drawdown amount.
  10. You may only repay the instalment loan in full (but not part of it) early if you notify us in writing ten business days before your proposed prepayment date. If you wish to repay your Loan early, you must pay the instalment loan in full, plus all accrued but unpaid interest up to the actual settlement date plus any other sum due to us. We will charge you an early settlement fee of 2.5% of the outstanding balance to cover our own administration fees and other costs.
  11. If you do not repay any monthly instalment on or before the relevant due date:
    1. the instalment loan plus all accrued but unpaid interest plus any other sum due to us is immediately due and payable; and
    2. we will charge you a late payment fee of HK$1,000.
  12. You agree to pay us on demand at any time the instalment loan in full, together with all accrued but unpaid interest, fees and charges in connection with the instalment loan.
  13. As required by law, we will share your credit data with credit reference agencies or other regulators.
  14. If you do not pay your monthly dues, we may block your Personal Instalment Loan account or any other account with us. This could result in your credit rating being negatively affected and may jeopardize your access to future loans from any reputable lending institution. Please note that we will also take action to collect any unpaid dues, including legal action where necessary.
  15. This document is for your convenience and does not replace the Client Terms and the Personal Loan / Personal Line of Credit / Overdraft Terms.
  16. For additional information, please call our Customer Service Hotline at 2886 0866 or contact your nearest branch.

Standard Chartered Personal Instalment Loan Debt Consolidation Program
If you have applied for our Personal Instalment Loan Debt Consolidation Program, the following terms in addition to the terms above apply:
  1. You agree to use the approved loan amount to settle the total or part of outstanding balances of your credit cards (other than Standard Chartered Credit Card/Standard Chartered Co-Branded Card/MANHATTAN Credit Card/MANHATTAN Co-Branded Card) or personal loans (other than loans provided by any member of the Standard Chartered Group). We reserve the right to request you to cancel or terminate any of your credit cards or personal loans.
  2. After we approve your loan application, within 5 working days, we will do any of the following:
    1. deposit the approved loan amount to your designated credit card account(s) with other banks, where such bank(s) may deduct from the relevant account a handling fee for local telegraphic transfer; and
    2. send the cashier’s order(s) with the approved loan amount to your correspondent address or deposit the approved loan amount to your repayment account of your relevant bank(s) or financial institution(s). After you have received the cashier’s order(s) or approved loan amount, you should settle the relevant loan(s) by depositing the amount(s) to your relevant loan account(s) with other bank(s) or financial institution(s) accordingly.
    The individual banks and financial institutions will determine the actual date of payment according to their relevant policies and procedures. We are not liable at any time for any interest, charges or penalties (if any) arising from or in connection with this payment.
  3. Until you receive our approval for the loan amount applied, you will continue to be liable to pay to the relevant bank(s) or financial institution(s) in respect of amounts owed to it or them in relation to the loan amount applied. We are not liable at any time for any overdue payment, interest or charges incurred by you as a result of your non-payment of the amounts owed to other bank(s) and financial institution(s).

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IV. General Terms and Conditions
  1. Unless otherwise specified, the online offer referred to in Section VI (the “Online Offer”) cannot be enjoyed in conjunction with any other promotional offers. The Bank reserves the right to amend or terminate the Online Offer and any of its terms and conditions from time to time.
  2. Standard Chartered Bank (Hong Kong) Limited (the “Bank”) reserves the right of final approval of the Standard Chartered Personal Instalment Loan (“Loan”) and is under no obligation to provide reasons for any of its decisions. The Loan is subject to the Bank’s Client Terms and the applicable documents referred to in Part A of the Client Terms (including Personal Loan/Personal Line of Credit/ Overdraft Terms and the product brochure, Important Notes and promotional terms (if applicable) and any other documents forming our banking agreement) and such other applicable terms and conditions, as may be issued, varied, amended or replaced by the Bank from time to time. For any and all matters or disputes regarding the above, the Bank’s decision shall be final and binding.
  3. In case of discrepancy or conflict between the English and Chinese versions of these terms and conditions, the English version shall prevail.

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V. Terms and Conditions for 7-day Cooling-off Period (“7-day Cooling-off Period”)
  1. Subject to the approval of the Bank, the 7-day Cooling-off Period (waiver on early redemption fees and charges) is offered on application by clients who have successfully applied for and drawdown a Loan and wish to early redeem the Loan in full within 7 calendar days of the drawdown date.
  2. Any application for the 7-day Cooling-off Period must be made by the relevant client in person at any of our branches within 7 calendar days of the Loan drawdown date. The relevant client must also bring along the Bank’s approval notice in respect of the Loan and settle the Loan in full to the Bank’s satisfaction. Subject to the Bank’s approval of the application for the 7-day Cooling off Period, the Bank will waive the handling fee, the early redemption fee (2.5% of the outstanding balance) and the first month’s interest payable by the relevant client under the Loan. Clients enjoying or who have enjoyed this 7-day Cooling-off Period will not be entitled to the Online Offer.
  3. Each client may only enjoy the 7-day Cooling-off Period once during the Promotion Period (as defined in Section VI 1 below).

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VI. Terms and Conditions for Online Offer and Lucky Draw Programme
  1. The promotion period for the Online Offer is from 1 June 2023 to 31 July 2023 (the “Promotion Period”).
  2. Clients who have successfully applied for a Standard Chartered Personal Instalment Loan (“Loan”) online during the Promotion Period and drawn down within three months can enjoy up to HKD8,000 cash rebate (“Rebate”), provided that the client’s Loan account remains valid and with no past due record/unsatisfactory credit history at the time of the Bank crediting Rebate. Details of the eligibility for the Rebate are set out in the table below:
    Loan Amount (HKD) Basic Cash Rebate for Loan Tenor 12 months (HKD)
    (only appliable for clients with loan tenor of 12 months)    		 Basic Cash Rebate for Loan Tenor 24 months or above (HKD)
    (only appliable for clients with loan tenor of 24 months or above)    		 Extra Cash Rebate (HKD)
    (only applicable for New Clients* and the loan tenor is 36 months or above)
    $50,000 - $199,999 $500 $500 $1,000
    $200,000 - $599,999 $1,000 $2,000
    $600,000 - $1,499,999 $1,500 $3,000
    $1,500,000 or above $3,500 $7,000
    * New Clients are applicants who are not holding any loan and/or credit cards issued by Bank that the time of Loan application. The Bank will credit the Rebate to the respective HKD deposit account (exclude MortgageOne® Account and Mortgage $aver Current Account) held by the eligible client in sole name or in the capacity as primary account holder for joint account in the following sequence:
    1. Sub-account under Integrated Deposits Account;
    2. Current Account;
    3. Statement Savings;
    4. Passbook Savings.
    If the eligible client has more than one account under the same account type, the Bank will select any one of the accounts with the latest account opening date for the crediting at its discretion.
  3. If client does not hold a valid deposit account stated above, the Bank will credit the rebate to the eligible client's personal loans repayment account as of the Bank's record at the time the Bank is crediting the rebate.
  4. The Rebate will be credited by the Bank to the eligible client’s HKD deposit account or personal loans repayment account determined as above within fourth month after the date of Loan drawdown. Client should contact the Bank within six months after the Loan drawdown if client does not receive the Rebate. The Bank will not be responsible for crediting the Rebate if client does not contact the Bank for non-receipt of the Rebate within the time stated.

Terms and Conditions of Personal Instalment Loans Lucky Draw Programme (the “Lucky Draw”)
  1. The promotion period is from 1 June 2023 to 31 July 2023 (the “Promotion Period”).
  2. Clients who have
    1. successfully applied for a Personal Instalment Loan or Debt Consolidation Program (“Program Loan”) online with Standard Chartered Bank (Hong Kong) Limited (the “Bank”) during the Promotion Period; and
    2. drawn down the Program Loan with a loan amount of HKD350,000 or more on or before 30 September 2023; and
    3. successfully registered for the Lucky Draw with valid Cathay membership account information and the loan application reference number of the Program Loan on or before 30 September 2023; will be enrolled in the Lucky Draw in accordance with these terms and conditions (the “Eligible Clients”).
  3. The Bank’s computer system will draw 20 winners and 5 grand prize winners from new Eligible Clients who are not holding any loans and/or credit cards issued by the Bank at the time of submitting the application for the Program Loan and 10 winners from existing Eligible Clients who are holding loans and/or credit cards issued by the Bank at the time of submitting the application for the Program Loan. Each winner drawn (“Winner”) will be entitled to 20,000 Asia Miles (the “Prize”). Each grand prize winners drawn ( “Grand Prize Winner”) will be entitled to 120,000 Asia Miles (“Grand Prize”)
      Loan Amount Requirement Asia Miles No. of Lucky Draw Winners –
    New Eligible Clients    		 No. of Lucky Draw Winners –
    Existing Eligible Clients
    Prize HKD350,000 or more 20,000 20 10
    Grand Prize 120,000 5 -
    Winners and Grand Prize Winners (together, “Lucky Draw Winner(s)”) will be notified individually and receive a SMS or an email for the Prize or Grand Prize (together, “Lucky Draw Prize”) on or before 31 January 2024 from the Bank.
  4. The Lucky Draw Prize will be credited to the Lucky Draw Winner’s Cathay membership account as registered on or before 31 January 2024 (“Asia Miles Fulfilment Date”). The Lucky Draw Winner should contact the Bank on or before 28 February 2024 if the Lucky Draw Winner does not receive the Lucky Draw Prize by that time. The Bank will not be responsible for crediting the Lucky Draw Prize if the Lucky Draw Winner does not contact the Bank for non-receipt of the Lucky Draw Prize within the time stated.
  5. Lucky Draw Winners must have an existing Cathay membership account and provide valid Cathay membership account information to the Bank via Bank’s designated registration form on
    https://www.sc.com/hk/loans/personal-instalment-loan/ or
    https://www.sc.com/hk/zh/loans/personal-instalment-loan/ or
    https://www.sc.com/hk/loans/debt-consolidation/ or
    https://www.sc.com/hk/loans/zh/debt-consolidation/.
  6. The Lucky Draw Winners must successfully register on the Bank’s designated registration form with a valid Cathay membership account in the name of the Lucky Draw Winner and other details as required on or before 30 September 2023 (“Submission Deadline”). Lucky Draw Winner has to sign up for the Cathay membership account through Cathay Pacific website before Submission Deadline if he or she is not currently a Cathay member.
  7. For the avoidance of doubt, valid Cathay membership account must be held by the Lucky Draw Winner and the Bank does not accept any Cathay membership accounts that are not held by the Lucky Draw Winner for the purpose of crediting of Asia Miles. Successful registration cannot be cancelled or modified. For a Lucky Draw Winner who has submitted multiple registrations, only the latest registration record made on or before Submission Deadline will be taken by the Bank for the purpose of crediting of Asia Miles.
  8. The Bank will provide the Lucky Draw Winners’ Cathay membership information, including surname, given name, membership number, and the number of Asia Miles rewarded, if any, to Asia Miles Limited for the crediting of the Asia Miles.
  9. Each Lucky Draw Winner acknowledges that the Asia Miles rewarded shall be credited to his/her Cathay membership account by Asia Miles Limited. The Bank will use its best endeavour to provide the necessary information to Asia Miles Limited to facilitate this purpose; however, the Bank makes no warranty that the Asia Miles rewarded will be accurately credited to the Cathay membership account by Asia Miles Limited and accepts no liability for failure or delay in the crediting of Asia Miles to Lucky Draw Winner’s Cathay membership account for any reason beyond the Bank’s control. The Bank accepts no liability relating to the Asia Miles, including but not limited to the expiry date, usage and redemption. For enquiries relating to crediting of the Asia Miles and the relevant terms and conditions, please contact Asia Miles Limited and/or refer to Asia Miles Limited website at www.asiamiles.com.
  10. Terms and conditions of Asia Miles apply for redemption and/or use of Asia Miles. For details, please visit www.asiamiles.com. The Bank is not obliged to notify Lucky Draw Winners of any changes or latest announcements of Asia Miles Limited. Lucky Draw Winners understand and accept that the Bank is not the supplier of the Cathay membership account, the Asia Miles rewarded or any redeemed items. The Bank shall bear no liability relating to any aspect of the Cathay membership account, the Asia Miles or any redeemed items, including without limitation, the supply, the descriptions of the Cathay membership account, the Asia Miles or any redeemed items provided by the supplier(s), any false trade description, misrepresentation, misstatement, omission, unauthorized representation, unfair trade practices or conduct in connection with the Cathay membership account, the Asia Miles or any redeemed items provided by the supplier(s), their respective employees, officers or agents.
  11. Any information submitted via the Bank’s designated registration form after the Submission Deadline, or which is incorrect or insufficient for the purpose of crediting Asia Miles as considered by the Bank or Asia Miles Limited, will not be entertained and the Bank shall have the right to forfeit a Lucky Draw Winner’s eligibility without prior notice and replace with another Eligible Client for the Lucky Draw Prize. The Bank accepts no liability in relation to the forfeiture and winner replacement and will not be liable for any compensation to Lucky Draw Winners who have failed to provide the required Cathay membership account information for the purpose of crediting Asia Miles as mentioned above. Each Lucky Draw Winner will receive the Lucky Draw Prize once only during the Promotion Period and no replacement will be provided by the Bank in any circumstances.
  12. The Lucky Draw Prize is non-transferable and cannot be exchanged, redeemed or converted for bonus points, cash, cash rebate and/or other products/services.
  13. The Bank shall have the right to replace the Lucky Draw Prize with other prize at its sole discretion without prior notice.
  14. The referenced flight award redemptions of the Lucky Draw Prize are for reference only. The Bank will not accept any liability for the difference between the referenced and the actual flight award redemptions. Lucky Draw Winners should refer to www.asiamiles.com for the latest flight award redemption details.
  15. The Bank reserves the right to vary, extend, modify, terminate and/or cancel the Lucky Draw and to amend any of these terms and conditions at any time without any prior notice. In case of disputes in relation to the means of Lucky Draw, eligibility requirements, number of chances attained for the Lucky Draw, details of the Lucky Draw Prizes and any matters arising from or in relation to the Lucky Draw, the decision of the Bank shall be final and binding.
  16. Lucky Draw Winners must maintain their up-to-date and valid personal information with the Bank on the Asia Miles Fulfilment Date.
  17. Lucky Draw Winners who have terminated their banking relationship with the Bank by the time of Asia Miles Fulfilment Date will be disqualified from the Lucky Draw Prizes.
  18. Eligible Clients who have been enrolled in the Lucky Draw may also enjoy other prevailing offers on the Program Loan provided by the Bank.
  19. Eligible Client’s relevant loan account must be valid, non-delinquent and in good financial standing at the time when the Bank conducts the Lucky Draw; otherwise, the relevant Eligible Client will not be entitled to participate in the Lucky Draw.
  20. If there is any discrepancy or conflict between the English and Chinese versions of these terms and conditions, the English version shall prevail.

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VII. Standard Chartered Bank (Hong Kong) Limited (the “Bank”)
Notice to customers and other individuals relating to the Personal Data (Privacy) Ordinance (“Ordinance”) and the Code of Practice on Consumer Credit Data
  1. From time to time, it is necessary for data subjects to supply the Bank with data in connection with matters such as:-
    (I)
    1. the opening or operation of accounts,
    2. the establishment, maintenance, review or evaluation of facilities; and/or
    3. the establishment or operation or provision of products or services offered by or through the Bank (which include banking, cards, financial, insurance, fiduciary, securities and/or investments products and services as well as products and services relating to these);
      (collectively, Facilities, Products and Services), and/or
    (II) the receipt of supplies and services to the Bank.
  2. Failure to supply such data may result in the Bank being unable to establish, maintain or provide Facilities, Products and Services to data subjects
  3. It is also the case that data are collected, directly or indirectly, by the Bank from data subjects transacting with or through the Bank in the ordinary course of the Bank’s business, including (without limitation) information received from third parties, the public domain, collected through use of the websites, cookies and electronic banking services of the Standard Chartered Group, and/or when data subjects write cheques or deposit money or effect transactions through cards, or otherwise carry out transactions as part of the Bank’s services. The Bank will also collect data relating to the customer from third parties, including third party service providers with whom the customer interacts in connection with the marketing of the Bank’s products and services and in connection with the customer’s application for the Bank’s products and services (including receiving personal data from credit reference agencies approved for participation in the Multiple Credit Reference Agencies Model (hereinafter referred to as “credit reference agencies”)).
  4. Data relating to a data subject (the Bank being the data user) may be used for any one or more of the following purposes:-
    1. processing applications from the data subject (including assessing the merits and/or suitability of the data subject’s application(s)) for the establishment of Facilities, Products and Services offered by the Bank or any member of the Standard Chartered Group;
    2. operating, maintaining, providing, reviewing and evaluating Facilities, Products and Services to the data subject, including to enable the Bank or any member of the Standard Chartered Group to fulfil any contract for Facilities, Products and/or Services that a data subject has requested and/or to understand the overall picture of the relationship of a data subject with the Standard Chartered Group by linking data in respect of all accounts such data subject is connected to;
    3. conducting credit checks on the data subject (whether in respect of an application for, or modification of terms of, Facilities, Products and Services or during regular or special review which normally will take place once or more each year);
    4. creating and maintaining the Bank’s credit scoring models;
    5. maintaining credit history of the data subject for present and future reference;
    6. assisting other credit providers in Hong Kong approved for participation in the Multiple Credit Reference Agencies Model (hereinafter referred to as “credit providers”) to conduct credit checks and collect debts;
    7. ensuring ongoing credit worthiness of the data subject;
    8. designing banking, cards, financial, insurance, securities and investment services or related products for data subject’s use;
    9. marketing services, products and other subjects (please see further details in paragraph (g) below);
    10. determining the amount of indebtedness owed to or by data subjects;
    11. enforcement of data subjects’ obligations, to the Bank or any other member of the Standard Chartered Group, including but not limited to the collection of amounts outstanding from data subjects and those providing security for data subjects’ obligations;
    12. meeting or complying with any obligations, requirements or arrangements for disclosing and using data that apply to the Bank or any other member of the Standard Chartered Group or that it is expected to comply according to:-
      1. any law or regulation binding on or applying to it within or outside Hong Kong existing currently and in the future (e.g. the Inland Revenue Ordinance and its provisions including those concerning automatic exchange of financial account information);
      2. any guidelines or guidance given or issued by any legal, regulatory, governmental, tax, law enforcement or other authorities, or self-regulatory or industry bodies or associations of financial services providers within or outside Hong Kong existing currently and in the future (e.g. guidelines or guidance given or issued by the Inland Revenue Department including those concerning automatic exchange of financial account information); and
      3. any present or future contractual or other commitment with local or foreign legal, regulatory, governmental, tax, law enforcement or other authorities, or self-regulatory or industry bodies or associations of financial services providers that is assumed by or imposed on the Bank or any member of the Standard Chartered Group by reason of its financial, commercial, business or other interests or activities in or related to the jurisdiction of the relevant local or foreign legal, regulatory, governmental, tax, law enforcement or other authority, or self-regulatory or industry bodies or associations;
    13. meeting or complying with any obligations, requirements, policies, procedures, measures or arrangements for sharing data and information within the Standard Chartered Group and/or any other use of data and information in accordance with any group-wide programmes for compliance with sanctions or prevention or detection of money laundering, terrorist financing or other unlawful activities;
    14. enabling an actual or potential assignee of all or any part of the business and/or asset of the Bank or participant or sub-participant of the Bank’s rights in respect of the data subject, to evaluate the transaction intended to be the subject of the assignment, participation or sub-participation;
    15. in connection with any member of the Standard Chartered Group defending or responding to any legal, governmental, or regulatory or quasi-governmental related matter, action or proceeding (including any prospective action or legal proceedings), including where it is in the legitimate interests of the Bank or any member of the Standard Chartered Group to seek professional advice, for obtaining legal advice or for establishing, exercising or defending legal rights;
    16. in connection with any member of the Standard Chartered Group making or investigating an insurance claim or responding to any insurance related matter, action or proceeding;
    17. organizing and delivering seminars for the data subjects;
    18. managing, monitoring and assessing the performance of any agent, contractor or third party service provider who provides administrative, telecommunications, computer, payment or securities clearing or other services to the Bank in connection with the establishment, operation, maintenance or provision of Facilities, Products and Services; and/or
    19. any other purposes relating to the purposes listed above.
  5. Data the Bank holds relating to a data subject is kept confidential but the Bank may provide, transfer or disclose such data or information to any one or more of the following parties (whether within or outside Hong Kong*) for the purposes set out in paragraph (d):-
    1. any agent, contractor or third party service provider who provides administrative, telecommunications, computer, payment or securities clearing or other services to the Bank in connection with the establishment, operation, maintenance or provision of Facilities, Products and Services;
    2. any other person under a duty of confidentiality to the Bank including any other member of the Standard Chartered Group which has undertaken to keep such information confidential;
    3. the drawee bank providing a copy of a paid cheque (which may contain information about the payee) to the drawer;
    4. third party service providers with whom the customer has chosen to interact with in connection with the customer’s application for the Bank’s products and services;
    5. credit reference agencies (including the operator of any centralized database used by credit reference agencies), and, in the event of default, to debt collection agencies;
    6. any person or entity to whom the Bank or any other member of the Standard Chartered Group is under an obligation or otherwise required to make disclosure under the requirements of any law or regulation binding on or applying to the Bank or any other member of the Standard Chartered Group, or any disclosure under and for the purposes of any guidelines, guidance, directives, rules, codes, circulars or other similar documents issued or given by any legal, regulatory, governmental, tax, law enforcement or other authorities, or self-regulatory or industry bodies or associations of financial services providers with which the Bank or any other member of the Standard Chartered Group is expected to comply, or any disclosure pursuant to any contractual or other commitment of the Bank or any other member of the Standard Chartered Group with local or foreign legal, regulatory, governmental, tax, law enforcement or other authorities, or self-regulatory or industry bodies or associations of financial services providers, all of which may be within or outside Hong Kong and may be existing currently and in the future;
    7. any financial institution and merchant acquiring company with which a data subject has or proposes to have dealings;
    8. any actual or proposed assignee of all or any part of the business and/or asset of the Bank or participant or sub-participant or transferee of the Bank’s rights in respect of the data subjects;
    9. any party giving or proposing to give a guarantee or third party security to guarantee or secure the data subject’s obligations; and/or
      1. any member of the Standard Chartered Group which may include a Head Office function acting as a data controller in respect of data subject’s data;
      2. third party financial institutions, insurers, credit card companies, securities and investment, mobile wallets & digital payment services providers;
      3. third party reward, loyalty, co-branding and privileges programme providers;
      4. co-branding partners of the Bank and/or any member of the Standard Chartered Group (the names of such co-branding partners can be found in the application form(s) for the relevant services and products, as the case may be);
      5. charitable or non-profit making organisations; and
      6. external service providers (including but not limited to mailing houses, telecommunication companies, telemarketing and direct sales agents, call centres, data processing companies and information technology companies) that the Bank engages for the purposes set out in paragraph (d)(ix) above

    * Please refer to the Bank’s website (www.sc.com/hk) for the list of countries where such parties may be located.

    1. With respect to data in connection with mortgages applied by a data subject (in any capacity) on or after 1 April 2011, the following data relating to the data subject (including any updated data of any of the following data from time to time) may be provided by the Bank, on its own behalf and/or as agent, to credit reference agencies:-
      1. full name;
      2. capacity in respect of each mortgage (as borrower, mortgagor or guarantor, and whether in the data subject’s sole name or in joint names with others);
      3. Hong Kong Identity Card Number or travel document number;
      4. date of birth;
      5. correspondence address;
      6. mortgage account number in respect of each mortgage;
      7. type of the facility in respect of each mortgage;
      8. mortgage account status in respect of each mortgage (e.g., active, closed, write-off (other than due to a bankruptcy order), write-off due to a bankruptcy order); and
      9. if any, mortgage account closed date in respect of each mortgage.
    2. Credit reference agencies will use the above data supplied by the Bank for the purposes of compiling a count of the number of mortgages from time to time held by the data subject with credit providers, as borrower, mortgagor or guarantor respectively and whether in the data subject’s sole name or in joint names with others, for sharing in the consumer credit database of the credit reference agencies by credit providers (subject to the requirements of the Code of Practice on Consumer Credit Data approved and issued under the Ordinance).
    3. The Bank may from time to time access the mortgage count held by the credit reference agency(ies) in the course of:-
      1. considering mortgage loan application(s) made by the data subject (in any capacity) from time to time;
      2. reviewing any credit facility (including mortgage loan) granted or to be granted to the data subject (in any capacity) which is in default for a period of more than 60 days with a view to putting in place any debt restructuring, rescheduling or other modification of the terms of such credit facility by the Bank;
      3. reviewing any credit facility (including mortgage loan) granted or to be granted to the data subject (in any capacity), where there is in place any debt restructuring, rescheduling or other modification of the terms of such credit facility between the Bank and the data subject consequent upon a default in the repayment of such credit facility for implementing such arrangement;
      4. reviewing any credit facility (including mortgage loan) granted or to be granted to the data subject (in any capacity), with a view to putting in place any debt restructuring, rescheduling or other modification of the terms of any credit facility initiated by the request of the data subject; and/or
      5. reviewing, evaluating and modifying terms of any credit facility (including mortgage loan) granted or to be granted to the data subject (in any capacity) from time to time, and reviewing the same with the data subject.
    4. The Bank may from time to time access the mortgage count held by the credit reference agency(ies) in the course of (after 31 March 2013):-
      1. reviewing and renewing mortgage loans granted or to be granted to the data subject (in any capacity); and/or
      2. considering the application for credit facility (other than mortgage loan) by the data subject (in any capacity other than mortgagor) and/or reviewing or renewing any facility (other than mortgage loan) granted or to be granted to the data subject (in any capacity other than mortgagor), in each case where such facility is in an amount not less than such level or to be determined by a mechanism as prescribed or approved by the Privacy Commissioner for Personal Data from time to time.
  7. USE OF DATA IN DIRECT MARKETING
    The Bank intends to use a data subject’s data in direct marketing and the Bank requires the data subject’s consent (which includes an indication of no objection) for that purpose. In this connection, please note that:-
    1. the name, contact details, products and services portfolio information, transaction pattern and behaviour, financial background and demographic data of a data subject held by the Bank from time to time may be used by the Bank in direct marketing;
    2. the following classes of services, products and subjects may be marketed:-
      1. financial, insurance, fiduciary, investment services, credit card, securities, investment, banking and related services and products;
      2. reward, loyalty or privileges programmes and related services and products;
      3. services and products offered by the Bank’s co-branding partners (the names of such co-branding partners can be found in the application form(s) for the relevant services and products, as the case may be); and
      4. donations and contributions for charitable and/or non-profit making purposes;
    3. the above services, products and subjects may be provided or (in the case of donations and contributions) solicited by the Bank and/or:-
      1. any member of the Standard Chartered Group;
      2. third party financial institutions, insurers, credit card companies, securities and investment, mobile wallets & digital payment services providers;
      3. third party reward, loyalty, co-branding or privileges programme providers;
      4. co-branding partners of the Bank and/or any member of the Standard Chartered Group (the names of such co-branding partners can be found in the application form(s) for the relevant services and products, as the case may be); and
      5. charitable or non-profit making organisations;
    4. in addition to marketing the above services, products and subjects itself, the Bank also intends to provide the data described in paragraph (g) (i) above to all or any of the persons described in paragraph (g)(iii) above for use by them in marketing those services, products and subjects, and the Bank requires the data subject’s written consent (which includes an indication of no objection) for that purpose;
    5. the Bank may receive money or other property in return for providing the data to the other persons in paragraph (g)(iv) above and, when requesting the data subject’s consent or no objection as described in paragraph (g)(iv) above, the Bank will inform the data subject if it will receive any money or other property in return for providing the data to the other persons.
    If a data subject does not wish the Bank to use or provide to other persons his/her data for use in direct marketing as described above, the data subject may exercise his/her opt-out right by notifying the Bank without charge.
  8. TRANSFER OF PERSONAL DATA TO DATA SUBJECT’S THIRD PARTY SERVICE PROVIDERS USING BANK APPLICATION PROGRAMMING INTERFACE (API)
    The Bank may, in accordance with the data subject’s instructions to the Bank or third party service providers engaged by the data subject, transfer data subject’s data to third party service providers using the Bank’s API for the purposes notified to the data subject by the Bank or third party service providers and/ or as consented to by the data subject in accordance with the Ordinance.
  9. Under and in accordance with the terms of the Ordinance and the Code of Practice on Consumer Credit Data approved and issued under the Ordinance, any data subject has the right:-
    1. to check whether the Bank holds data about him and/or access to such data;
    2. to require the Bank to correct any data relating to him which is inaccurate;
    3. to ascertain the Bank’s policies and procedures in relation to data and to be informed of the kind of personal data held by the Bank and/or he/she has access to;
    4. to be informed on request which items of data are routinely disclosed to credit reference agencies or debt collection agencies, and be provided with further information to enable the making of access or correction requests to the relevant credit reference agency(ies) or debt collection agency(ies); and
    5. in relation to any account data (including, for the avoidance of doubt, any account repayment data) which has been provided by the Bank to a credit reference agency, to instruct the Bank, upon termination of the account by full repayment, to make a request to the credit reference agency to delete such account data from its database, as long as the instruction is given within five years of termination and at no time was there any default of payment in relation to the account, lasting in excess of 60 days within five years immediately before account termination. Account repayment data includes amount last due, amount of payment made during the last reporting period (being a period not exceeding 31 days immediately preceding the last contribution of account data by the Bank to the credit reference agency), remaining available credit or outstanding balance and default data (being amount past due and number of days past due, date of settlement of amount past due, and date of final settlement of amount in default lasting in excess of 60 days (if any)).
  10. In the event of any default of payment relating to an account, unless the amount in default is fully repaid or written off (other than due to a bankruptcy order) before the expiry of 60 days from the date such default occurred, the account repayment data (as defined in paragraph (i)(v) above) may be retained by credit reference agencies until the expiry of five years from the date of final settlement of the amount in default.
  11. In the event any amount in an account is written-off due to a bankruptcy order being made against a data subject, the account repayment data (as defined in paragraph (i)(v) above) may be retained by credit reference agencies, regardless of whether the account repayment data reveal any default of payment lasting in excess of 60 days, until the expiry of five years from the date of final settlement of the amount in default or the expiry of five years from the date of discharge from a bankruptcy as notified by the data subject with evidence to the credit reference agency(ies), whichever is earlier.
  12. Without limiting the generality of the foregoing, the Bank may from time to time access the personal and account information or records of a data subject held by the credit reference agency(ies) for the purpose of reviewing any of the following matters in relation to the existing credit facilities granted to a data subject or a third party whose obligations are guaranteed by a data subject :-
    1. an increase in the credit amount;
    2. the curtailing of credit (including the cancellation of credit or a decrease in the credit amount); and
    3. the putting in place or the implementation of a scheme of arrangement with the data subject or the third party.
  13. The Bank may have obtained credit report(s) on a data subject from credit reference agency(ies) in considering any application for credit or modification of terms of the credit. In the event a data subject wishes to access the credit report(s), the Bank will advise the contact details of the relevant credit reference agency(ies).
  14. Data of a data subject may be processed, kept and transferred or disclosed in and to any country as the Bank or any person who has obtained such data from the Bank referred to in (e) above considers appropriate. Such data may also be processed, kept, transferred or disclosed in accordance with the local practices and laws, rules and regulations (including any governmental acts and orders) in such country.
  15. In accordance with the terms of the Ordinance, the Bank has the right to charge a reasonable fee for the processing of any data access request.
  16. Data subjects located in the European Union may also have the following additional rights:-
    1. the Bank or any other member of the Standard Chartered Group will use profiling, including behavioral analysis, to assist in providing data subjects with better Facilities, Products and/or Services, to make decisions and to prevent money laundering, terrorism, fraud and other financial crime, for example profiling will help to try and detect whether use of a credit card may be fraudulent. If any profiling will result in an automated decision relating to a data subject who is an accountholder, we will let the accountholder know and the accountholder will have the right to discuss the decision with the Bank;
    2. in some circumstances a data subject has the right to ask the Bank to delete the personal data of such data subject, for example if the Bank no longer has a valid reason to process it;
    3. in some circumstances a data subject may have the right to object to how the Bank processes the personal data of such data subject but this does not mean that the data subject can decide or choose how the Bank processes the personal data other than in relation to marketing. If a data subject has any concerns about how the Bank processes his/her/its personal data, such data subject should discuss this at a branch or with a relationship manager. The Bank may not be able to offer Facilities, Products or Services if the data subject does not want the Bank to process the personal data the Bank considers necessary to process to provide such Facilities, Products or Services;
    4. in some circumstances a data subject may have the right to restrict how the personal data of such data subject is processed;
    5. in some circumstances a data subject may have the right to request the personal data that has been given to the Bank in a machine readable format. An accountholder may already be able to do this through online banking in relation to banking transactions;
    6. a data subject has the right to complain to the Privacy Commissioner for Personal Data, or if the data subject is located in the European Union, the UK Information Commissioner. Details can be provided by emailing privacy@sc.com
  17. The person to whom requests for access to or correction of data held by the Bank, or for information regarding the Bank’s data policies and practices and kinds of data held by the Bank are to be addressed is as follows:
    Data Protection Officer
    STANDARD CHARTERED BANK (HONG KONG) LIMITED
    GPO Box 21, Hong Kong
    Should you have any queries, please do not hesitate to contact either your relationship manager or our designated hotline 2886 6023.
  18. Nothing in this document shall limit the rights of data subjects under the Ordinance.
  19. Security:-
    1. The security of personal data is important to the Bank. The Bank has technical and organisational security measures in place to safeguard each the personal data of each data subject. When using external service providers, the Bank requires that they adhere to security standards mandated by the Bank and the Standard Chartered Group. The Standard Chartered Group may do this through contractual provisions, including any such provisions approved by a privacy regulator, and oversight of the service provider. Regardless of where personal data is transferred, the Bank takes all steps reasonably necessary to ensure that personal data is kept securely.
    2. Data subject(s) should be aware that the Internet is not a secure form of communication and they must not send the Bank any personal data over the Internet as this carries with it risks including the risk of access and interference by unauthorised third parties. Information passing over the Internet may be transmitted internationally (even when sender and recipient are located in the same country) via countries with weaker privacy and data protection laws than in the country of residence of a data subject.
  20. The Bank and the Standard Chartered Group retain personal data in line with applicable legal and regulatory obligations and for business and operational purposes. In the majority of cases this will be for seven years from the end of a data subject’s relationship with the Standard Chartered Group.
  21. To the extent permitted by law, the Bank and other members of the Standard Chartered Group may record and monitor electronic communications with data subjects to ensure compliance with legal and regulatory obligations and internal policies for the purposes outlined at paragraph (d) above.
  22. Data subjects should also read the cookie policy when using the Bank’s online services.

In this document, unless inconsistent with the context or otherwise specified, the words in italic shall have the following meanings:-
account(s) means, for each facility, service or product which the Bank may from time to time make available to the data subjects, the account that is, opened and/or maintained in respect of it from time to time.
accountholder(s) means holder(s) of an account, and includes joint accountholder(s) in case there is more than one holder for an account.
card means an ATM card, a debit card, a credit card, or a revolving card or all of them, as the context requires.
data subject(s) has the meaning given to it in the Ordinance and includes applicants or accountholders for Facilities, Products and Services, customers, security providers, guarantors, referees, corporate officers and managers, (e.g. authorized signatories, contact persons, company secretary, directors, shareholders, beneficial owners of a corporate), beneficiaries, suppliers, agents, contractors, service providers and other contractual counterparties and any third party transacting with or through the Bank.
disclose, disclosing or disclosure, in relation to personal data, includes disclose or disclosing information inferred from the data.
Hong Kong means the Hong Kong Special Administrative Region.
in any capacity means whether as a borrower, mortgagor or guarantor and whether in the data subject’s sole name or joint names with others.
mortgage count means the number of mortgage loans held by the data subject (in any capacity) with credit providers in Hong Kong from time to time.
Standard Chartered Group means each of or collectively Standard Chartered PLC and its subsidiaries and affiliates (including each branch or representative office).
Please circulate this document to any and all data subject(s) relating to your account(s) at our Bank. Should there be any inconsistencies between the English and Chinese versions, the English version shall prevail.

Standard Chartered Bank (Hong Kong) Limited
Last Updated in September 2022


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VIII. Illustrative Examples of Repayment Schedule for Personal Instalment Loan
[[Repayment Schedule_PIL (04/2020)]
Important note: This illustration is intended to show the apportionment of interest and principal for each monthly repayment of our personal instalment loan throughout the tenor based on the Straight Line Method and assumptions as stated below. Amount of monthly repayment apportioned to interest is the highest in the first month and decreases gradually throughout the tenor. The illustration is for reference only and does not reflect the actual repayment process in your loan account. The actual repayment details such as the amount of interest and principal, etc. may vary. The terms and conditions of your personal instalment loan including but not limited to loan amount, interest rate, handling fee and tenor are subject to the final approval of the Bank.

Example - 36 Months Tenor:

Assumptions
Loan Amount :  HKD200,000
Interest Rate (Monthly Flat Rate) :  0.2965%
Annualised Percentage Rate (APR)▲    :  6.92%
Tenor (Months) :  36
Monthly Repayment Amount :  HKD6,148.56
▲ An APR is a reference rate which includes the basic interest rates and other applicable fees and charges of a product expressed as an annualised rate. This APR does not include cash rebate.
No. of InstalmentMonthly Repayment Amount (HKD)Principal Amount (HKD)Interest Amount (HKD)Loan Outstanding (HKD)
16,148.565,030.921,117.64194,969.08
26,148.565,059.031,089.53189,910.05
36,148.565,087.301,061.25184,822.75
46,148.565,115.731,032.83179,707.02
56,148.565,144.321,004.24174,562.71
66,148.565,173.06975.49169,389.64
76,148.565,201.97946.58164,187.67
86,148.565,231.04917.51158,956.62
96,148.565,260.27888.28153,696.35
106,148.565,289.67858.89148,406.68
116,148.565,319.23829.33143,087.45
126,148.565,348.95799.60137,738.49
136,148.565,378.85769.71132,359.65
146,148.565,408.90739.65126,950.74
156,148.565,439.13709.43121,511.61
166,148.565,469.52679.03116,042.09
176,148.565,500.09648.47110,542.00
186,148.565,530.83617.73105,011.17
196,148.565,561.73586.8299,449.44
206,148.565,592.81555.7493,856.63
216,148.565,624.07524.4988,232.56
226,148.565,655.49493.0682,577.07
236,148.565,687.10461.4676,889.97
246,148.565,718.88429.6871,171.09
256,148.565,750.84397.7265,420.25
266,148.565,782.97365.5859,637.28
276,148.565,815.29333.2653,821.99
286,148.565,847.79300.7747,974.20
296,148.565,880.47268.0942,093.73
306,148.565,913.33235.2336,180.41
316,148.565,946.37202.1830,234.03
326,148.565,979.60168.9524,254.43
336,148.566,013.02135.5418,241.41
346,148.566,046.62101.9412,194.80
356,148.566,080.4168.156,114.39
366,148.566,114.3934.170.00


Smart tips on Early Repayment
  1. Can I repayment my instalment loan amount in full early at any time?
    You may only repay the instalment loan in full (but not part of it) early if you notify us in writing ten business days before your proposed prepayment date. If you wish to repay your Loan early, you must pay the instalment loan in full, plus all accrued but unpaid interest up to the actual settlement date plus any other sum due to us. We will charge you an early settlement fee of 2.5% of the outstanding balance to cover our own administration fees and other costs.

  2. Do I save interest expenses by making early repayment of personal instalment loan?
    To choose to make the early repayment, you should first check with us about the total amount involved in early repayment (including outstanding loan balance, early repayment charges and other fees, etc.) and the amount of outstanding interest. You should then compare different scenarios and consider carefully before making a decision of repaying early or not.
For example, as the repayment example shows beside, assuming the loan amount is HKD200,000 with 0.2965% monthly interest (Annualised Percentage Rate is 6.92%) and a 36-month instalment period. If you wish to repay the instalment loan in full on the 15th month, you should note:

Total amount to be paid is HKD130,851.67 with the following breakdown:

  1. Principal outstanding as of the last instalment due date = HKD126,950.74
  2. Total unpaid interests and charges = HKD709.43 + HKD3,191.50 = HKD3,900.93
    – Unpaid interests up to the settlement date = HKD709.43
    – Early redemption penalty = HKD127,660.17 x 2.5% = HKD3,191.50

Interest saved from 16th month to 36th month = HKD7,608.05

Issued by Standard Chartered Bank (Hong Kong) Limited

PIL PEGA_TNC (06/2023) E